Santa Fe Place

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Santa Fe Place
Santa Fe Place
Location Santa Fe, New Mexico, United States
Coordinates 35°38′40″N106°00′33″W / 35.644479°N 106.009048°W / 35.644479; -106.009048
Address4250 Cerrillos Road
Opening dateJuly 31, 1985
DeveloperHerring Marathon
Management Kohan Retail Investment Group
No. of stores and services80
No. of anchor tenants 6 (5 open, 1 vacant)
Total retail floor area 569,500 square feet (52,910 m2) [1]
No. of floors1
Parking3,261 [2]
Website shopsantafeplace.com

Santa Fe Place is an enclosed shopping center in Santa Fe, New Mexico. Formerly named Villa Linda Mall, Santa Fe Place is one of two enclosed malls in Santa Fe. Santa Fe Place is the largest mall in Northern New Mexico, and fourth in the state.

Contents

History

Developed by Herring Marathon Group, Villa Linda Mall opened in 1985. [3] The mall changed hands frequently around the turn of the century. Its ownership changed from First Union in 1997 to Zamias Services, Inc. in 1999, [4] then to General Growth Properties in 2001.

After being purchased by Greenfield and Associates in fall 2004, [5] the mall underwent a $10 million renovation that included a new roof. The mall celebrated its grand opening as Santa Fe Place in November 2005. [6] Babcock & Brown purchased the mall in 2007 [7] followed by Trademark Property in 2010. [8]

Spinoso Real Estate Group owned and managed the property between 2014 and 2023. Ownership undertook significant renovations and upgrades to the common area during 2014-15 and to the food court in 2019. [9] [2] In 2021, Spinoso Real Estate Group announced plans to develop "Escarpa", a luxury three story apartment complex on the property. [10] [11] The following year, plans to construct a Residence Inn on the northeast side of the property were also announced. [12]

Kohan Retail Investment Group purchased the property in 2023. [13]

Stores

The mall's present anchor stores are JCPenney, Dillard's, Conn's and Hobby Lobby. One of the original anchor stores, Bealls, closed in 1989 to make way for the northern United Artists theater, which opened in 1991. [4] Mervyn's was also one of the original anchors, but closed in 2008 due to bankruptcy. Sports Authority took Mervyn's former location in 2013. Around that same time Shoe Pavilion also went bankrupt, leaving a large vacant location. JCPenney moved from Santa Fe's first mall, De Vargas Center, Sears moved from its Downtown location. In 2011, United Artists North, then known as the only "discount theater" in Santa Fe, closed. [14] In 2016, Cost Plus World Market and Bed Bath & Beyond opened stores there. [15] Sports Authority closed in 2016 due to bankruptcy. Conn's HomePlus took over the space in 2022. In 2017, Sears shuttered its Santa Fe location. [16] During the same year, Victoria's Secret relocated, renovated and added Pink to their location, H&M, Torrid and Forever 21 opened new-to-market locations, while Regal Cinemas (formerly United Artists) announced its return to the center after a full renovation of the space. [17] [18] In 2019, arts and crafts store Hobby Lobby relocated to the center, occupying the former Sears location. [19] In October of 2022 a new to market 2nd & Charles was announced, occupying the last remaining part of the former Mervyn's space. However, plans stalled after a change in management. In 2023, Bed Bath & Beyond filed for bankruptcy, resulting in the closure of the Santa Fe location. The following year, Barnes & Noble announced plans for the space. [20] [21]

Name change

The mall has had one name change since its grand opening. In 2005, the "Villa Linda Mall" changed to "Santa Fe Place".

Anchor tenants

Junior anchors

Food court

Originally the food court at Santa Fe Place was named El Mercado. The food court hosted 12 restaurants, an arcade, and the United Artists South movie theater. After changing management, El Mercado was changed to The Market, after renovation. The Market can house 6 restaurants, due to Foot Action previously occupying the other half of the court. When renovated, the seating area was leveled. [23] In 2020, Spinoso Real Estate Group remodeled the food court, along with adding a Ropes Course as the centerpiece. Rad Retrocade also will fill the former Jets Arcade location. [24]

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References

  1. ↑ "Jones Lang LaSalle Awarded Three New Retail Assignments Totaling More Than Two Million Square Feet". 2004-11-03. Archived from the original on 2006-11-04.
  2. 1 2 "Vacancy Place". 22 April 2014.
  3. ↑ Brown, Steve (1988-03-20). "MALL IN THE MAKING; Developer knows there's a long road to Vista Ridge". Dallas Morning News. Newsbank document ID 0ED3CFE2A79177D1. Herring Marathon Group's Villa Linda Mall in Santa Fe, opened in 1985, has an elaborate central court.
  4. 1 2 Yodice, James (1999-08-30). "Movies Moving In". Albuquerque Journal. First Union [Real Estate Investments] is in the process of selling Villa Linda Mall to Pennsylvania-based Zamias Services Inc., a sale expected to be completed by late this year.
  5. ↑ Kamerick, Megan (2005-04-15). "Santa Fe, Las Cruces malls undergoing refurbishments". New Mexico Business Weekly.
  6. ↑ Quick, Bob (2005-11-15). "New name, new look". Santa Fe New Mexican.
  7. ↑ Quick, Bob (2008-01-15). "Year in review: Thornburg's close call no. 1 2007 story". Santa Fe New Mexican. Archived from the original on 2012-09-13. Santa Fe Place, formerly Villa Linda Mall, also was sold and now is owned by Babcock and Brown, a global investment company based in Sydney.
  8. ↑ "FACE-LIFT for Santa Fe Place – Trademark Property".
  9. ↑ "Santa Fe Place celebrates 'new look' on Saturday".
  10. ↑ "Proposed apartments at Santa Fe Place mall approved". 15 April 2021.
  11. ↑ "Escarpa at Santa Fe Place".
  12. ↑ "Residence Inn hotel planned for Santa Fe Place". 14 November 2022.
  13. ↑ "Santa Fe Place mall sold to N.Y. Investment group". 5 January 2023.
  14. ↑ Gutierrez, Crystal (2011-11-26). "Cinema closing could cost regulars;". KRQE News. Archived from the original on 2011-12-29.
  15. ↑ "Santa Fe Place H&M store set to open Sept. 14". 24 August 2017.
  16. ↑ "Santa Fe Sears store closing".
  17. ↑ "Pop-up Halloween store could be just start of big changes at Santa Fe Place". 26 September 2016.
  18. ↑ "H&M to Open Store in Santa Fe Next Month". US News & World Report. 31 August 2017. Retrieved 29 July 2023.
  19. ↑ "Hobby Lobby plans relocation to Santa Fe Place". 11 March 2019.
  20. ↑ "Bed Bath & Beyond store at Santa Fe Place closes". 3 August 2023.
  21. ↑ https://www.santafenewmexican.com/news/business/barnes-noble-headed-for-santa-fe-place-mall/article_aa910b7a-c9d9-11ee-a428-5ff80c68779f.html
  22. ↑ "New Deal! Coming Soon Conn's Home Plus to Santa Fe Place, Santa Fe, NM". 17 February 2022.
  23. ↑ "Jennifer Goes [To Things & Does Stuff]: A mall too far". 29 January 2016.
  24. ↑ "Santa Fe Place adding food hall, ropes course, retro arcade". 17 February 2020.
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